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TechFlow news, according to Reuters, a U.S. bankruptcy judge has approved Bittrex's request to borrow 250 BTC (worth approximately $7 million) from its parent company Aquila Holdings to facilitate the smooth progress of its bankruptcy proceedings.
Bittrex will also seek an additional loan of 450 BTC at a hearing in June, which would be worth $12.4 million if Bitcoin's price remains stable before next month.
A U.S. bankruptcy judge has approved Bittrex's request to borrow 250 BTC (worth approximately $7 million) from its parent company, Aquila Holdings, to facilitate the smooth progress of its bankruptcy proceedings. Bittrex will also seek to obtain an additional 450 BTC by applying for another loan at a hearing in June; if Bitcoin's price remains stable before next month, that loan would be worth $12.4 million.
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